Chief Impact Officer: the new ESG referent

With the arrival of the ESEF format, financial departments had to develop new skills, particularly in terms of digitalization, in order to successfully publish financial reports while respecting the new standards. While some companies have relied on existing teams, others have preferred to recruit a person dedicated to this new compliance. In 2024, CSRD requirements are a game-changer for extra-financial data that involves all departments and stakeholders of the company. This is where the Chief Impact Officer comes in. Here is a brief focus on the role of an emerging profession for companies of all sizes.

The missions of the Chief Impact Officer

Unlike the CSR manager, the Chief Impact Officer’s (or Chief of Impact) missions include the definition of impact objectives and their positioning and presentation to help companies take better decisions. He/she coordinates the company’s “impact department” and co-pilots the CSR/ESG policy internally. According to the French Institute for the Environment, the Chief Impact’s main mission is to “measure both negative and positive impacts of a company from a social, societal and environmental point of view“. He/she influences the strategic decisions made by the company.

The arrival of the CSRD

The new CSRD directive (Corporate Sustainability Reporting Directive) hastens the creation of positions or the hiring of impact managers. It requires, initially, the selection and implementation of many indicators that are not yet measured or evaluated in many companies. Secondly, the Chief impact officer will have to solicit the various stakeholders to gather the right information which will then be published in the company’s annual report, in the same way as the financial information.

A strong collaboration with the others department

ESG data being, by definition, cross-functional, many departments will be strongly called upon to gather, internally and from the entire value chain, this information required by the regulations.

Thus, the impact manager is promised a strong collaboration with the financial, HR and administration departments in order to help the company comply with the new directive. He/She also exchanges with other departments such as human resources, administrative and ESG (for some certain companies). For the first CSRD publication, companies that already have an impact manager will be benefit from a huge advantage: they will simply have to strengthen the data collection points, then choose a data centralization system to enhance collaboration between the various departments involved. This is the point where Pomdoc Pro is the best collaborative content management solution for annual report.

What’s important to know

The mission entrusted to the Chief Impact Officer is to take into account the environmental, social and societal impact in the business and the strategy of the company. He/She acts transversally, measures progress and is promised to a strong collaboration with the financial, HR and ESG department in order to comply with the CSRD. Data centralization and collaboration tools must be wisely chosen to guarantee the success of such collaboration. And of course, Pomdoc Pro is the best solution to support you in this change 😉